Europaisch-Iranische Handelsbank AG (EIH) is being designated pursuant to E.O. 13382 for being owned or controlled by BIM, and for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, Bank Sepah. As recently as 2018, EIH maintained active account services for Bank Sepah, including processing the equivalent of millions of dollars’ worth of euro payments in support of Bank Sepah;

Europaisch-Iranische Handelsbank AG has facilitated billions of dollars in transactions on behalf of sanctioned Iranian banks and Iranian proliferators;

In 2007 and in 2009, in cooperation with Bank Mellat, facilitated over $500,000 in transactions between a weapons exporter and a subsidiary of Iran Electronics Industries (IEI), according to the U.S. Treasury Department;

Provides financial services to Bank Mellat, Persia International Bank, the Export Development Bank of Iran (EDBI), and Post Bank of Iran – with EDBI, helped Iran purchase more than $3 million in material for its missile program beginning in late 2007;

Reportedly conducted Euro-denominated transactions on behalf of Bank Sepah as part of a 2009 sanctions-evasion scheme;

Named by the U.S. Treasury Department’s Financial Crimes Enforcement Network as an Iranian institution with which transactions pose a money laundering threat;

Reportedly has done over a billion dollars of business for Iranian companies associated with Iran’s conventional military and ballistic missile procurement programs, including Defense Industries Organization (DIO), Aerospace Industries Organization (AIO), and the Islamic Revolutionary Guard Corps (IRGC);

Many bad things were done to Iran by some really bad people. These criminals will have to be brought to justice.For many generations this country was captive to a corrupt regimes. Iranian people had to find ways to survive ... ReadMore +